Ironwood Investment Management LLC Buys 757 Shares of ASML Holding N.V. $ASML

Key Points

• Ironwood Investment Management LLC increased its ASML stake by 98.1% in the third quarter, buying an additional 757 shares to hold 1,529 shares worth about $1.48 million.
• Several large institutions (including Capital International, WCM, VanEck and Fisher) also meaningfully boosted positions, and institutional investors now own 26.07% of ASML.
• ASML raised its quarterly dividend to $3.1771 (annualized $12.71, ~0.9% yield), and analysts hold a consensus rating of "Moderate Buy" with an average target price of $1,475.00.

Ironwood Investment Management LLC lifted its stake in ASML Holding N.V. (NASDAQ:ASML - Free Report) by 98.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,529 shares of the semiconductor company's stock after buying an additional 757 shares during the period. Ironwood Investment Management LLC's holdings in ASML were worth $1,480,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of ASML. Capital International Investors boosted its stake in ASML by 17.3% in the 3rd quarter. Capital International Investors now owns 3,919,154 shares of the semiconductor company's stock valued at $3,791,982,000 after buying an additional 577,448 shares in the last quarter. Regents of The University of California acquired a new position in ASML during the third quarter worth $413,335,000. WCM Investment Management LLC lifted its holdings in shares of ASML by 24.9% during the third quarter. WCM Investment Management LLC now owns 1,933,748 shares of the semiconductor company's stock valued at $1,861,445,000 after acquiring an additional 385,502 shares during the period. Van ECK Associates Corp lifted its holdings in shares of ASML by 16.6% during the third quarter. Van ECK Associates Corp now owns 2,148,506 shares of the semiconductor company's stock valued at $2,079,948,000 after acquiring an additional 305,435 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in shares of ASML by 6.3% in the 2nd quarter. Fisher Asset Management LLC now owns 4,244,254 shares of the semiconductor company's stock valued at $3,401,304,000 after purchasing an additional 250,934 shares in the last quarter. Institutional investors own 26.07% of the company's stock.

Analyst Upgrades and Downgrades

ASML has been the topic of several analyst reports. Grupo Santander lowered shares of ASML to an "underperform" rating in a report on Thursday, January 22nd. TD Cowen restated a "buy" rating on shares of ASML in a research report on Wednesday, January 28th. Weiss Ratings raised shares of ASML from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, February 26th. KGI Securities set a $1,415.00 price objective on shares of ASML and gave the stock an "outperform" rating in a report on Thursday, January 15th. Finally, Barclays raised shares of ASML from an "equal weight" rating to an "overweight" rating in a report on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,475.00.

ASML Stock Performance

Shares of NASDAQ:ASML opened at $1,351.58 on Friday. The business has a fifty day moving average of $1,376.78 and a 200-day moving average of $1,121.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.79 and a current ratio of 1.26. ASML Holding N.V. has a twelve month low of $578.51 and a twelve month high of $1,547.22. The firm has a market cap of $531.55 billion, a PE ratio of 52.35, a price-to-earnings-growth ratio of 1.34 and a beta of 1.88.

ASML Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 5th. Shareholders of record on Monday, April 27th will be issued a dividend of $3.1771 per share. The ex-dividend date of this dividend is Monday, April 27th. This represents a $12.71 dividend on an annualized basis and a yield of 0.9%. This is an increase from ASML's previous quarterly dividend of $1.88. ASML's payout ratio is currently 25.10%.

ASML Company Profile

ASML Holding N.V. NASDAQ: ASML is a Dutch company that develops, manufactures and services advanced photolithography systems used to produce semiconductor chips. Headquartered in Veldhoven, Netherlands, ASML supplies capital equipment and associated software and services that enable semiconductor manufacturers to pattern the intricate circuits on silicon wafers. The company is widely recognized for its leadership in extreme ultraviolet (EUV) lithography as well as its deep ultraviolet (DUV) platforms used across multiple process nodes.

ASML's product portfolio includes EUV and DUV lithography machines, light sources, imaging optics and control software, together with spare parts, upgrades and field services.

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